Mortgage & Refinancing Information

Alternative Options For Rising Interest Rates


As interest rates have risen in the last six weeks from record lows, homeowners are once again face with finding viable options to reduce the amount of interest paid on their home loans. The rush to refinance provided borrowers with good to excellent credit the opportunity to take advantage of low interest rates, that helped to reduce their monthly mortgage payments, which was the only benefit provided by the lowered rates.

Private Mortgage Insurance (PMI)


If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain private mortgage insurance, known as PMI, with your lender. This will enable you to obtain a mortgage with a lower down payment because your lender is now protected against any default on the loan.

5 Things In Selecting The Best Mortgage - You Should Know


Your goal is not only to find the best rates and programs, by searching through a huge number of lenders products, and save yourself thousands of dollars on mortgage payments every year, but also, to save time and hassle by simplifying the loan process and reducing the paperwork. Here are some things you can keep in mind when selecting a mortgage provider.

Real Estate Finance Strategy that Few People Consider


If you are considering a new home loan anytime soon, and you do not want to get an adjustable rate mortgage (remember, ARMs are very strong loans), you should consider a 2/1 buydown.This is a great mortgage program for people who require a smaller payment now, knowing that they will have more money in the following years.

Buying a Home? Dont Get Saddled with Two Mortgage Payments


I have a lot of friends and family who are currently buying houses. Many of them have had a problem with timing.

Sell Your Home and Invest at the Same Time


I continue to see the same For Sale signs in my neighborhood. The houses just aren't selling.

Foreclosure Scams To Be Aware Of


Homeowners facing foreclosure should be aware of unscrupulous lenders and scammers. Don't get me wrong, most lenders and agencies are reputable and legit.

For Mortgage-Refinance Help, Get the Best Mortgage Professional, Not a Bank Loan Officer


When you need a mortgage -- either because you are buying, refinancing, taking out equity or getting into investment real estate, you need a good mortgage professional. Now, you may be tempted to go to your local savings and loan, as they may promise lower fees or zero costs.

Some Mortgage Loans are Available with Absolutely no Money Needed From You


Today, FHA will loan up to 97 percent of the purchase price of a home, meaning a borrower only needs 3 percent. The three percent down payment can come in the form of a gift, and closing costs can be financed into the loan, making this a true no money out of pocket purchase transaction.

Mortgage-Refinance Loan Can Put Cash in Your Pocket


Do you need cash? Here's a mortgage for you. If you are not in a good position to take an equity line of credit on your home, because you have not built enough equity or a poor credit situation is making bankers steer clear of you, altogether, there is another option -- the cashout refinance.

Mortgage-Refinance Loan Measurment 101 -- Evaluate Your Own Ability to Pay


We live in a society where people are losing their homes at an alarmingly high rate. There are several reasons for this, but one could certainly be avoided -- buying a house that creates a loan that is too large for you to handle.

Mortgage-Refinance Treachery: Avoid Mortgage Bankers and Brokers Biggest Trick -- The Sales Pitch


What the average homeowner or home buyer fails to realize is that bankers, loan officers, mortgage brokers, or whatever your lenders call themselves, are salesmen. Certainly, if you purchased your home from a realtor and used her lender, you most likely got a feeling of trust in that person, because the realtor referred him.

What You Dont Know About The Real Estate Process, Some Inside Secrets


Some people in the real estate industry have a terrible reputation. Why, because they deserve it.

Need a Mortgage, Refinance or Equity Loan? Learn What it Takes, Before Applying


Do you know what it takes to qualify for mortgage and refinance loans? There are several factors involved with qualifying for a purchase, refinance or equity line of credit, and having an in-depth understanding of these could make the difference in you being accepted or turned down by a bank loan officer.Here are some things loan underwriters use in seeing if you qualify for a loan: your credit rating; your income; the amount you wish to borrow vs.

Tips For First Home Buyers On Getting Home Loans


Buying your first home will likely be the biggest and most important purchase you will ever make. It can be a very stressful and may even leave you sleepless for nights on end wondering whether you are making the right decision - especially where choosing the right home loan is concerned.

More Articles from Mortgage & Refinancing Information:
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MORE RESOURCES:

Earthtimes (press release)

US Senators reach deal on housing rescue-sources
Reuters - 11 hours ago
... a housing fund sponsored by the two government-sponsored enterprises and the deal will send those funds to the new mortgage refinance project. ...
Senate Short of Agreement on Housing Rescue Washington Post
Elusive Senate housing bill inches forward CNNMoney.com
Fannie, Freddie dip on prospect of more oversight BusinessWeek
The Hill - Washington Post
all 320 news articles


Refinancing puts your money to work
Fall River Herald News,  USA - 6 hours ago
There are two primary reasons to refinance a mortgage: to get more desirable rate and terms, or to extract cash from the home’s equity. ...


Prepare now for the next mortgage-refinance wave
Los Angeles Times, CA - Apr 27, 2008
Qualifying for a mortgage won't be as easy as it was just a year or two ago. Now, lenders are being far more picky. Keeping in mind that you may need to ...
Scenes from the credit crunch in Austin Austin American-Statesman
Be prepared to refinance Sarasota Herald-Tribune
all 8 news articles


Telegraph.co.uk

Freddie Mac loses $151M in 1Q, but beats expectations
The Associated Press - May 14, 2008
Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the US housing market worsened, though the results ...
REAL ESTATE Investor's Business Daily (subscription)
Accounting changes help Freddie Mac 1Q beat views Jordan Falls News
Wednesday's editorial: Housing bill puts taxpayers on hook for ... Kansas City Star
The Associated Press
all 503 news articles


Mortgage application volume rises slightly
BusinessWeek - May 14, 2008
Refinance volume accounted for 48.7 percent of total mortgage applications during the week ending May 9. The index peaked at 1856.7 during the week ending ...
Mortgage applications rise in latest week: MBA Reuters
Mba: Mortgage Applications Rise RTT News
all 31 news articles


South Africa: Why Lenders Should Withstand Subprime Heat
AllAfrica.com, Washington - 23 hours ago
... to refinance at the same rate as it did then and may have to rely on its shareholders (JPMorgan and Standard Bank) to fund a portion of its mortgage ...


Refinance Activity Increase in Latest Report
Mortgages at Quicken Loans, MI - May 14, 2008
The report showed that applications for mortgages used to purchase homes decreased 0.7 percent and applications to refinance an existing mortgage rose 6.5 ...
Mortgage Rates, FHA Loans: Analysis by BankRate Mortgages at Quicken Loans
all 2 news articles


So-called jumbo loans still hard to get
Scripps News, DC - 10 hours ago
The typical jumbo-conforming borrower wants to refinance out of an adjustable-rate mortgage "and they're seeking the safety of a fixed (mortgage)," Lepre ...


The Southern Ledger

FHA relief plan missing its target
Salt Lake Tribune, United States - May 11, 2008
By Rachel L. Swarns WASHINGTON - Last August, President Bush promised to help homeowners who had fallen behind on their mortgage payments refinance with ...
Finding a solution to foreclosure crisis Tracy Press
Out of touch on foreclosures Boston Globe
Jumbo mortgage rates becoming affordable San Francisco Chronicle
The Associated Press - Wall Street Journal
all 541 news articles


Growing Number of Affluent Homeowners Can No Longer Afford Their ...
Washington Post, United States - May 14, 2008
While the expanding subprime market enabled lower-income borrowers with uncertain credit histories to buy and refinance property, interest-only mortgages ...

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